The Ukrainian Armed Forces carried out strikes on vital Russian energy infrastructure on Monday, including the Tuapse Oil Refinery on the Black Sea, according to The Kyiv Post.
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STATES ARE TURNING THE INTERNET INTO A BIOMETRIC SURVEILLANCE SYSTEM + MORE
You probably didn’t notice when filing taxes online became a facial recognition checkpoint.
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MARKET OVERVIEW
U.S. stock markets erupted Friday after Iran declared the Strait of Hormuz “completely open” after agreeing to a 10-day ceasefire with Israel and the U.S., effective on that day.
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SPOTLIGHT: CHINA’S FRAGILE ECONOMIC ADVANTAGE
China’s economic output increased 1.3 percent in this year’s first quarter from the final three months in 2025 and expanded at an annual rate of 5.3 percent, year on year.
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BANKS ARE AT RISK FROM THEIR LOANS TO HEDGE FUNDS, S&P SAYS
Investment banks have curtailed their direct trading activities and instead are lending massive amounts of money to hedge funds, creating “an inherent fragility” in financial markets, S&P Global Ratings said in a 15 April report.
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TRUMP’S ERRATIC POLICIES MAKE BOND INVESTORS LOOK ELSEWHERE
The U.S.’s standing as the lowest-cost borrower of dollars and the safest place to store value in turbulent times might not last much longer.
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DOMESTIC OIL SUPPLY BUFFERS U.S. AS PRICES SOAR IN ASIA, EUROPE
Since the Iran War began, U.S. crude oil prices have largely remained below those of Brent crude, which sets world oil prices.
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U.S. INDUSTRIAL PRODUCTION DECLINED IN MARCH
U.S. manufacturing, mining, and utility output fell by 0.5 percent in March from February, according to U.S. Federal Reserve data, surprising economists who had expected a 0.1-percent increase, according to a Reuters poll.
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SPOTLIGHT: BIGS GETTING BIGGER
Sazerac, an international purveyor of spirits based in France, has offered $32 a share to buy Jack Daniel’s, Kentucky’s iconic sippin’ whiskey, for a total of around $15 billion.
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SPOTLIGHT: THE LIMPING LUXURY INDUSTRY
As our regular readers know, the luxury industry has been in flux for more than two years.